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Talisman acquires an interest in the Grosbeak and Beta discoveries from Spring Energy

Talisman acquires an interest in the Grosbeak and Beta discoveries from Spring Energy

Report summary

In September 2010, Spring Energy announced the sale of a package of Norwegian assets to Talisman. The deal comprised: 15% in PL378, containing the Grosbeak probable development; 20% in PL375, containing the Beta discovery; and 20% in PL551. The effective date for the deal is 1 September 2010, and the consideration will be finalised at between US$114.5 million and US$129.5 million.The Grosbeak oil and gas field was discovered on PL378, in July 2009. The discovery extends into PL248, but no ...

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The upstream oil and gas industry conducts activities against a backdrop of growing energy and environmental challenges. Political instabilities, international conflicts and government and environmental regulation have all impacted the production process.

This has forced companies to re-examine their corporate strategy, moving away from high-risk exploratory drilling to lower-risk exploration in mature basins as they search for increased returns.

This Upstream Oil and Gas Deal Insight report provides an in-depth analysis of this deal. You will also find information about upstream assets and the strategic rationale behind the deal.

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  • Executive summary
  • Upstream assets
    • Grosbeak
    • Beta (technical reserve)
  • Deal analysis
  • Strategic rationale
    • Spring Energy's perspective
    • Talisman's perspective
  • Oil & gas pricing and assumptions

In this report there are 6 tables or charts, including:

  • Executive summary
    • Executive summary: Table 1
  • Upstream assets
    • Upstream assets: Table 1
  • Deal analysis
    • Deal analysis: Table 1
    • Deal analysis: Table 2
  • Strategic rationale
  • Oil & gas pricing and assumptions
    • Oil & gas pricing and assumptions: Table 1
    • Oil & gas pricing and assumptions: Table 2
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